Recent Updates — TREE

Heather Novitsky will step down as General Counsel of LendingTree, LLC on December 31, 2026. She will remain a non-executive employee providing transition services until March 12, 2027, when her employment ends without cause. The Board approved Tier A severance benefits under the Executive Severance Pay Plan, contingent upon signing a release of claims and adhering to restrictive covenants. Concurrently, the Board adopted amendments to the company's bylaws effective October 27, 2026, updating provisions for hybrid meetings, advance notice requirements, and Delaware law compliance. LendingTree operates as an online marketplace connecting consumers with financial service providers.

LendingTree reported second quarter 2026 financial results for the period ended June 30, 2026. Consolidated revenue grew 25% year-over-year to $313.4 million, driven by a 42% increase in Insurance segment revenue to $209.3 million. GAAP net income was $9.6 million, or $0.68 per diluted share, while Adjusted EBITDA reached $35.2 million. The Consumer segment saw a 4% revenue decline to $60.3 million due to suppressed small business loan demand, though management expects stabilization and sequential growth for the remainder of the year. The company updated its full-year 2026 outlook, projecting revenue between $1.30 billion and $1.32 billion and Adjusted EBITDA between $145 million and $152 million. LendingTree operates an online financial services marketplace connecting consumers with lenders for loans, credit cards, and insurance.